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Home > Financial Services > Mortgage Brokers > Dominion Mortgage Corporation
Dominion Mortgage Corporation
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Dominion Mortgage Corporation was incorporated in April of 1997; however the Company’s extensive experience in the industry far surpasses the incorporation date. Drawing upon this extensive knowledge, DMC originates approximately close to a billion dollars in mortgage loans yearly. The company’s offices can be found in major urban areas such as London, Pickering, Scarborough, Mississauga and soon opening in Calgary. The two principals of Dominion Mortgage Corporation have been in the business of mortgage placement for many years. The company also remains one of the most active independent Mortgage Brokerage, employing over 135 mortgage professionals DMC continues to maintain a highly regarded reputation for quality. In fact DMC was the first mortgage brokerage to institute a Compliance Officer.
Dominion Mortgage Corporation continues to ensure the best product offerings their clients by providing ongoing informational seminars to their agents with numerous financial institutions. Dominion Mortgage Corporation continues to be a front runner in the marketplace by evolving with the consumer’s needs and creating new product offerings such as reverse mortgages a mortgage designed specifically for seniors aged 62 or older with no repayments required as long as the client continues to reside in the home.
Dominion Mortgage Corporation will continue to maintain a high ethical standard servicing the needs of the consumer while working closely with the lenders to provide a mutually beneficial relationship. The most confusing part of the mortgage business is the comparison of mortgage rates. Different lenders have different rate structures for every type of mortgage loan. At Dominion Mortgage, their pledge is to get you the best possible rate that you qualify for. Utilizing state-of-the-art mortgage generation software from Basis 100, they connect instantly to over 50 banks, trust, insurance companies and other mortgage lenders, to ensure you receive the most competitive rate in the marketplace.
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